British mutual insurer Standard Life has reported that its worldwide insurance sales climbed by 7% to £342m in the first three months of this year, compared with the same period in 2005.
The society said its Irish operation had a strong quarter, with new business sales increasing by 67% to £10m. Sales of single premium investment and pension products doubled and new regular premium sales rose by 33%.
Members of the society are due to vote later this month on bringing the company on to the stock market.
UK life and pension sales grew by 13% to £263m, while worldwide investment sales more than doubled to £2.5 billion.
